NASHVILLE, Tenn.–(BUSINESS WIRE)–Propst Improvement and Chartwell Hospitality right this moment introduced they’ve finalized growth of the Conrad Nashville resort, positioned within the Broadwest metropolis block in Midtown. The Conrad Nashville is Hilton’s first luxurious branded resort in Nashville and is scheduled to open on June 29, 2022. Moreover, the co-developers have accomplished the sale of the 234-room property to Northwood Traders, LLC, a premier proprietor and supervisor of luxurious motels world wide.
“Our aim for Broadwest was to create a property that every one Nashvillians are pleased with, and we imagine the Conrad raises the bar as one of the vital luxurious resort properties in America,” mentioned Invoice Propst, Chairman of the Propst Corporations. “Tasks like this draw funding into native neighborhoods and produce new financial stimulus and alternatives to native residents and companies – the Conrad Nashville alone will make use of greater than 200 individuals. We’re thrilled with the execution of this growth and to see it welcome its first company within the coming days.”
“We had a imaginative and prescient to develop the nicest Conrad within the Hilton system in addition to place this resort to be the nicest luxurious resort in Nashville. I imagine we’ve got achieved that aim,” mentioned Rob Schaedle, Founder and President of Chartwell Hospitality.
Javier Rosenberg, president of Northwood Hospitality LLC said, “We’re delighted so as to add the Conrad Nashville to our portfolio. Nashville is shortly changing into one of many high locations within the nation for leisure and company journey together with conferences and occasions. The Conrad Nashville is about to encourage and redefine the posh resort panorama, providing a few of the finest lodging and experiences the market has to supply.”
The Conrad Nashville is a part of Broadwest, a $540 million, 1.3 million sq. foot blended use undertaking grasp developed by Propst Improvement and consists of 630,000 sq. ft of Class A workplace house, 196 luxurious condominiums, and the Conrad Lodge. Broadwest encompasses a full metropolis block and has remodeled Midtown into one of the vital lively areas for growth in Nashville.
Conrad Lodges and Resorts are identified for providing company a seamless connection between up to date design, main innovation, and genuine native tradition. The Nashville property options 234 visitor rooms and suites, 11,000+ sq. ft of assembly house, a 3rd stage outside terrace pool, and distinct meals and beverage choices, together with locally-sourced Blue Aster restaurant and Thistle and Rye whiskey bar.
Northwood Traders LLC is a privately held, actual property non-public fairness agency that owns and operates actual property throughout the U.S. and Europe. The agency at present manages roughly $8 billion of investor capital. Northwood’s flagship fund seeks to opportunistically purchase well-located actual property with a plan to create worth by way of hands-on asset administration. Northwood is vertically built-in with in-house working groups throughout the workplace, multifamily, retail, hospitality, and concrete logistics sectors. Please go to northwoodinvestors.com for extra info.
For additional info contact John Hughey, President of Propst Properties at [email protected]
About Chartwell Hospitality
Chartwell Hospitality is a totally built-in actual property firm primarily based in Nashville, Tennessee. We specialize within the acquisition, growth, and administration of high-quality, branded, limited- and full-service motels. Based in 2003, Chartwell constantly surpasses competitors in occupancy and market charges. Merely, our mission is to be one of the best within the enterprise. For extra info, go to www.chartwellhospitality.com.